Canada Stocks to Watch: BMO, SNC-Lavalin, Bellatrix, Angle and more

Bank of Montreal said it has named Frank Techar, currently president and chief executive of Canadian personal and commercial banking, as chief operating officer. The bank said the appointment is part of a new organizational structure “to support accelerated growth and evolving customer needs.”

SNC-Lavalin Group Inc. slashed its 2013 earnings view to C$10 million to C$50 million from its most recent guidance for C$220 million to C$235 million. It said it’s been hurt by higher projects costs, reorganization charges and further softness in commodity markets.

Bellatrix Exploration Ltd. said it’s agreed to buy Angle Energy Inc. in a deal worth about C$576 million. Angle shareholders can opt for C$3.85 cash for each share held, or a portion of a Bellatrix share.

First Majestic Silver Corp. said third-quarter production at its five operating silver mines in Mexico was a record 3,370,457 equivalent ounces, up 38% from a year earlier. It also said it expects to meet or exceed its 2013 guidance for production of 12.3 million to 13 million silver equivalent ounces.

About Canada Real Time

Canada Real Time provides insight and analysis into what’s making news in Canada, a country punching above its weight on the world stage thanks to its vast resources and strong banking sector. Drawing on the expertise of The Wall Street Journal and Dow Jones Newswires, we take a look at developments in fields ranging from business to politics to culture. You can contact the editors at canadaeditors@dowjones.com